Cardonio Basic Principle and Concept
If you look into the features offered by Cardonio, you have to admit that this platform is offering a pretty unique system. It isn’t about integrating different kinds of cryptocurrencies within one platform only, but it is about making it convenient for the members to enjoy the benefits. It may seem like a platform focusing on payments and transactions, but if you want to look deeper, the focus is more than just providing a simpler and faster payment system.
The Basic Principle and Concept
If you have to manage foreign transactions quite often, you understand how costly the operation can be – not to mention that it is pretty fussy and complicated. If you still rely on the traditional banking system (and their services), you know that each service will require an extra fee. The process can be long too, especially when you have to make transfers between different banks or send funds to different countries. And will you be able to use the regular banking system to manage your cryptocurrency funds? Yes and no. Yes, if the banking system allows it – but then again, it may be costly with extra charges. No, because most banking systems exclude the cryptocurrency operation and mechanism. After all, the cryptocurrency with its decentralized system is completely different from the regular banking system with its centralized system.
That’s why Cardonio is designed and created – mostly to solve some of these issues. Basically, this platform wants to apply a simple mechanism because they believe that cryptocurrency should make financing easy and convenient – not complicated and difficult. The idea is to secure instant credit with the existing crypto funds. It means that members would be able to have and use a special card issued by this platform.
This card alone will have similar functions like the credit card – minus the complicated regulations, costly operational costs, and outdated technologies. You should be able to use the card for making payments, no matter what kind of cryptocurrencies you are using. Let’s say that you have ETH funds in your wallet and you make a purchase in Bitcoin currency. No need to worry about the different currency or whether you are going to deal with the complicated system. With the card (and joining Cardonio), you will have a simpler system in the payment.
The Benefits of Cardonio
So, what are the benefits to enjoy from this platform, anyway?
- You will have 90 days – starting from the days of the purchase – to complete the payment. The extra days are given with the hope that token holders will be able to maximize the profits. Let’s say that you buy an item worth of $300. After 30 days, you calculate the value and it turns out that if you pay after 30 days, you are only spending $260 worth of money. Isn’t it beneficial for you?
- The system is straightforward and managed in a real-time, which means that all kinds of transactions will be completed right away. In most cases, it will only take seconds to complete the transactions
- The token owners are given the options to make a purchase or complete a payment easily – whether it is through the offline system or the online one.
- The platform has its own app, and it is super handy to manage all kinds of transactions. Even when you want to exchange different kinds of cryptocurrencies, you only need to use this app.
- The app can be used to manage 23 different currencies within 120 countries in the world
- The platform doesn’t apply any administrative fee or such thing alike. Let’s say that you have to make transfer between different currencies or you have to transfer funds to a foreign account, rest assured that you won’t have to spend any extra fee.
An Example Case
Angela has topped up her Cardonio account with 2 ETH before leaving Australia and traveling for business in America. When she arrives, she needs around $20 for her lunch. She only needs to swipe her card and she is good to go. In the meanwhile, the server will automatically calculate the exchange rates between banks in Australia and the US. Based on the current rate, $20 is equivalent to AU$27, and AU$27 is equal to 0.0931221 ETH. The server will take such an amount from Angela’s account and she doesn’t have to spend an extra fee for the administrative use.
As you can see, everything is managed in the simplest manner possible – and the fact that the platform uses a blockchain system to promote transparency and safe platform is adding on the plus features. Are you sure you don’t want to join the platform after knowing the perks?